Section B · Page 8
The University Daily Kansan
Wednesday, March 17, 1999
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Dow tops 10,000 mark but closes at 28 down
The Associated Press
NEW YORK — The Dow broke 10,000 yesterday, propelled by a record eight years of U.S. economic growth, a boom in high technology and investor enchantment with the Internet.
Traders on the floor of the New York Stock Exchange cheered, waved their hands and tossed hand-ripped confetti as the Dow Jones industrial average, the world's best-known measure of the value of stocks, hit five digits at 9:50 a.m.
Then, as often happens after such milestones, sellers took over. The index of 30 blue chip stocks went as high as 10,001.78, then immediately retreated and never made it back. It ended the day down 28.30 at 9,930.47.
Still, analysts were pleased with the breakthrough.
"It's just a number, but hitting 10,000 says to me it's continued confirmation that the bull market is alive and well," said Alfred E. Goldman of A.G. Edwards & Sons Inc. in St. Louis.
The Dow is now up 8 percent this year on top of an unprecedented four straight years of double-digit growth.
The index was pushed over the top by everyday events of the business world that often prompt buying—announcements this week of corporate mergers and the promise of healthy earnings from big companies such as Union Carbide. But these were just the immediate causes.
The Dow 10,000 rocket was launched early in the decade, fueled by a growing economy
↓9930.47.-28.30
combined with low inflation and interest rates that kept consumers spending and corporate profits rising. The rise of personal computers and technology improved corporate America's productivity even as manufacturing jobs steadily declined.
The market got an additional boost in the past year through an explosion of enthusiasm for the Internet. Hundreds of companies have rushed to put a "com" after their names, expecting a big payoff by selling everything from Furby dolls to stocks online.
America Online, for instance, went from $16 a year ago to $105 now. Yahoo, the online directory service, has gone from $21 to $175.
Economic troubles in Russia, Asia and Latin America threatened several times during the past two years to halt the Dow's advance, and the Dow slipped below 7,500 as recently as Oct. 8. But then stocks rebounded after a series of three interest rate cuts by the Federal Reserve.
Rescuers look for survivors of Amtrak crash
The Associated Press
"To find survivors in the wreckage would be pretty unlikely," Bourbonnais Fire Chief Mike Harshbarger said.
BOURBONNAIS, Ill. — Rescue crews combed through a twisted, charred rail car yesterday, with little hope of finding survivors after Amtrak's City of New Orleans struck a truck and derailed. At least 14 people were killed, and four others were missing and are feared dead.
The train, bound from Chicago to New Orleans, careened off the tracks shortly after 9:30 p.m. Monday when it slammed into a semi-trailer loaded with heavy steel bars at a crossing 50 miles south of Chicago.
All of the dead were aboard one sleeper car near the front of the train. As the impact sent engines and cars flying, it was pierced by one of the engines and set afire by leaking diesel fuel.
The double-deck sleeper car was broken in the middle, and much of it had been damaged by fire.
All the other cars had been searched, he said.
All the other cars had been searched, he said. Fourteen people were confirmed dead by a coroner on the scene, said Lt. Randy Irps of the Bourbonnais Fire District. Four people were unaccounted for and feared dead, and more than 100 were taken to hospitals, authorities said.
Suspected nuclear site to be inspected by U.S.
"I was trying to go to sleep," said Blanche Jones, a passenger from Memphis, Tenn. "Then all of the sudden everything just started crashing and catching on fire and people hollering and running. It was awful."
The Associated Press
WASHINGTON — In an apparent breakthrough, North Korea has agreed to give U.S. inspectors access to a suspect nuclear weapons site, Secretary of State Madeleine Albright announced yesterday.
State Department representative James P. Rubin said the agreement, reached during four rounds of talks in New York, called for the inspections to begin this spring.
Rubin said U.S. negotiators rejected North Korean demands for compensation in exchange for U.S. access to the site. But he said the United States promised to sponsor a pilot program carried out by private experts to help North Korea increase potato yields. The country has been afflicted by widespread famine for years, and hundreds of thousands are thought to have starved to death.
Since last August, the United
States has been pressing for access to the Kumchang-ni underground site, about 25 miles northwest of Yongbyon, where, U.S. officials think, North Korea may be developing nuclear weapons in violation of a 1994 agreement.
The North Koreans have denied that the site has any nuclear role.
The agreement, Rubin said, will enable the United States "to confirm and monitor the current and future use of the suspect site that we have been concerned about."
Whitewater tape airs Hillary's story
The Associated Press
LITTLE ROCK, Ark. — In a grand jury videotape made public for the first time yesterday, Hillary Rodham Clinton testified she never spent any significant time monitoring records of the Whitewater land deal she and President Clinton shared with Jim and Susan McDougal.
Clinton also said on the tape, played at Susan McDougal's trial, that she was unaware of a $27,600 loan for Whitewater taken out in Bill Clinton's name a decade before he became president.
Forty minutes of the first lady's testimony, recorded at the White House last April, were played for the jury in the trial of Susan McDougal, who is charged with criminal contempt for refusing to answer Independent Counsel Kenneth Starr's questions about the loan and other aspects of the couple's Whitewater business dealings.
The new attention comes at a
sensitive time for Clinton as she considers a run for the U.S. Senate from New York.
She told the prosecutors repeatedly that she had little information to give.
"I have never seen these documents before and have no information about them," she said when asked about a 1982 Bill Clinton loan that prosecutors allege is linked through a series of transactions to a fraudulent $300,000 loan to Susan McDougal 3 1/2 years later.
Bill Clinton testified at the McDougals' trial in the spring of 1996 that he had never borrowed money from the savings and loan the McDougals owned in the 1980s. Three months later, Jim McDougal told Starr's office that Bill Clinton had signed documents for the transaction. Jim McDougal since has died.
Clinton, wearing a yellow suit and with serious expression, appeared on two television monitors in the federal court yesterday.
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It Pays to Advertise in The Kansan
120 - Announcements
100s Announcements
100s Announcements
110 - Business Personals
1.15 On Campus
Cellular Nutrition
Weight lose, height increase, tone skin and gain energy. Call: 1-913-585-2400
200s Employment
OPEN MIC NIGHT! Monday nights at the Bottleneck. Four acts NO COVER! Rock, acoustic, spoken word we want you to come down and check it out. FREE! Brought to you by 80.TFM on the 12th floor of the Bottleneck. Join the 80 club and get $1 off all imports and microbrows. Call 842-5483.
Classified Policy
205 - Help Wanted
130 Canopy
120 Announcements
130 Travel
130 Entertainment
140 Lost and Found
200s Employment
205 Help Wanted
225 Professional Services
235 Typing Services
305 For Sale
310 Computers
315 Home Furnishings
105 Personals
110 Business Personals
FREE POOL! Afternoons at the Bottleneck-737
Room 12. Stay from 5pm-8pm please!
drive our specials and
drive our specials
320 Sporting Goods
325 Stereo Equipment
340 Auto Sales
345 Motorcycles for Sale
360 Miscellaneous
370 Miscellaneous
370 Wanted to Buy
125 - Travel
400s Real Estate
405 Real Estate
410 Condos for Sale
415 Homes for Rent
420 Real Estate for Sale
420 Roommate Wanted
Ski Breckenridge, Keystone, and Copper Mountain. Economy to luxury condos. 25% off through March and discounted at tuxedo.com/ski and ski rental. www.tools.tk.com/1-800-7788 www.tools.tk.com/1-800-7788
130 - Entertainment
The Kanas will not knowingly accept any advertisement for housing or employment that discriminates against any person or group of persons based on race, sex, age, color, creed, religion, sexual orientation, nationality or disability. Further, the Kanas will not knowingly accept advertising that is in violation of University of Kansas regulation or law. Subject to the Federal Fair Housing Act of 1988
which makes it illegal to advertise 'any preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status or national origin, or an intention, to make any such preference'
Earn F/T income working P/T hours. Free information. Call 410-347-1454
Kasper's is looking for personable wait staff. Two
hunch & one night shift await! Call 843-6921 for info.
Kenel assistant. Weekends and Holidays. Send resume to 2020 J-1 W 25th, Lawrence KS, 60474.
Cruise line entry-level en-route position avail.
412.503.6484 yoy-airy. 941-323-6484
684.39carescene.com
Jimmy John's delivery driver wanted Tuesday needed to help make sandwiches. Call 838-7377.
LAWY CAREE-ESTablished business hiring mow-
gers who offer competitive pay,
experience prior Call, California.
Our readers are hereby informed that all jobs and housing advertised in this newspaper are available on an equal opportunity basis.
Wait staff positions avail, at the Mass Street Deli and Buffalo Bufo's Smoketown. Must have some daytime lunch availability. Apply at 719 Mass. upstarts 9-5 mon, through fri.
It Pays to Advertise in The Kansan
Food Service Positions at Buffalo Bob's Smokebowl and Mass Street Dell. Start $6 an hour up to an hour plus pro share or share within 6 months. Up to 5 hours per apply at 719 Mast St. unstairs 9-5 mon, through frt.
Sunshine Acres Pre-school
Startling April 1st, List Teacher needed from
192-223
Mothers & Others
Part Time 500-hour training 1,000-5,000
a month Full-time provided 1,913-8760
205 - Help Wanted
WORK ABOROAD Student work opportunities
are available on campus. Call 1-800-749-2500
internationally. Call 1-800-749-2500
Juicers
Duncans/Waitresses Wanted
Up to $1000 a week
Need:
841-1422 913 N 2nd
Rewarding, exciting summer for college student consulting in the Colorado Rockies. Backpacking, western riding, water activities, natural science and many outdoor pursuits. P.O. Box 26489, Colorado Springs, CO 80905. Fluorosilent, CCO (719) 739-3488 - interam@aol.com
Swing Break $$$
Spring Break $$
Join KanTel and earn $7.30-10/hr taking inbound call, training dress, benefits, and air atmosphere. 2801 Lakeview Rd.
Lawrence, or call 865-9097
Summer Life guard and Swim Instructor (WSI Certified) positions available. Must have American Red Cross lifeguard certification. Apply at Alvaram Acara & Swim Club, 4120 Cifton
Lake of the Ozarks summer employment. The Barge Floating Restaurant is accepting applications for wait staff positions, cooks, bartenders, and sales clerks. Excellent salary and tips. Some food furnished. Housing is limited at the lake so apply early. Call Frank at 353-763-5888.
GROUNDS PERSON
instructors needed now for girls, boys & preschool rec. gymnastics classes at youth job for dance, athletic education, social work major, good pay. Call (815) 941-9299
Part-time grounds personnel needed for luxury apt community. Approximately 30-30 burs. per week. Apply in person at Pinnacle Woods Apts, 5000 Clinton Parkway.
205 - Help Wanted
Part-time leasing agent. Excellent communication skills required. Swan Management 749-1288.
CAMP COUNSELORS WANTed for private Michigan boys/girls summer camps. Teach: swimming, canoeing, sailing, waterskiing, gymnastics, riffting, archery, tennis, golf, sports, computers, camping, crafts, dramatics. Orihk admissions will be more plus Rd3h. 602-624-802. wcewl.com
PLAY SPORTS! HAVE FUN! Save MONEY!
Top boys' sports camp in Maine. Need counselor to teach/coach all sports; tennis, basketball, baseball, bockey, waterfront, lifeguards, rock climbing, rock climbing, water skiing and more! Call free 888-844-8080.
Apply online; www.campeader.com.
Americorc* Vista—local non profit seeks applicants-1yr. community service starts May 3, '99, for low-income, youth jobs prog. under-grad. deg. in ed., fine, or graphic arts, or social services; or 3 yrs. min. exper. in related fields req. $750/mo. + health ins. $4725 ed. stipend req. $650/mo. + health ins. $4725 ed. stipend newly enrolled or employed. Resumes to: P.O. Box 153 Lawrence, KS 60044 Deadline March 21.
Full-time summer babytitter beginning after spring semester. Also part-time sitter before. Prefer experience with babysitting pay for qualification individual. Work involves out of town travel with family. Please send letter listing child care experience and relevant work experience to St. John Hall, University of Kansas, LAWS KS 65039.
Camp Counselors needed for Girl Scout Day Camps in metro Denver and overnight camps in other areas. Explore nature, backpacking, challenge course, farm, dance/drama, sports, archery, June-August, 1999. Must enjoy working with children in an out-of-school day. 787-0199 ext. 341 or e-mail cmznb@cmzbe.org
205 - Help Wanted
UNIQUE SUMMER OPPORTUNITY
Camp Buckskin, a program serving youth with ADHD. Learning Disabilities & similar needs, has various positions available. Located on a campus in Sarasota, FL, the opportunity to develop leadership, teamwork, problem solving, & communication skills & possibly earn school credit. Contact: (612) 930-3544 e-mail: buckskin@starcast.net
60 summer jobs/50 camps/ you choose! NY,
?A, New England. Instructors needed: tennis,
asketball, roller hockey, baseball, soccer,
volleyball, volleyball, gamsing, windsurf,
aerobics, archery, mt biking, rock climbing, ropes,
lance, piano accompanist, theater, ceramics,
sweety, woodwork, photography, radio, nature,
barn, ballet, dance, 438-643-6848,
summercampemployment.com
NOW HIRING
Supervisors-Food Service
Start $7.25 per hour
Apply 719 Mass
Buffalo Bob's Smokehouse
$1500 annual profit opportunity
PSI, an environmental testing and consulting firm, has a part-time opening for a laboratory technician. Would prefer someone that is majoring in geology, environmental, or a science related field. The person must be responsible and have an attention to detail. The hours are 8:00 a.m. to 5:30 p.m., and the hours per week. The possibility exists that it could develop into a full-time during the summer. Please send resume to Wayne Dickerson, PSI, 420 W.12th St., Lawrence, KS 6049.